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Black Knight: 2Q Earnings Snapshot

August 6, 2019

JACKSONVILLE, Fla. (AP) _ Black Knight Inc. (BKI) on Tuesday reported second-quarter profit of $31.9 million.

On a per-share basis, the Jacksonville, Florida-based company said it had net income of 21 cents. Earnings, adjusted for one-time gains and costs, came to 49 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The provider of data and analytics for the mortgage and finance industries posted revenue of $294.9 million in the period. Its adjusted revenue was $295.1 million, falling short of Street forecasts. Eight analysts surveyed by Zacks expected $296.7 million.

Black Knight expects full-year earnings in the range of $1.90 to $2 per share, with revenue in the range of $1.18 billion to $1.2 billion.

Black Knight shares have increased 35% since the beginning of the year. The stock has climbed 15% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BKI at https://www.zacks.com/ap/BKI

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